http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.
변환된 중국어를 복사하여 사용하시면 됩니다.
韓光鎬 順天大學校 1985 論文集 人文社會科學篇 Vol.4 No.-
The purpose of this paper is to introduce the Monetary Approach to balance of payments and exchange rates and, according to this approach, to explain some empirical facts for which Keynesian Traditional Approach can not provide any theoretical basis. The empirical facts, which appear in the turbulent period from the middle of sixties to the early seventies, are as follows; ⓛthe relationship between increasing income and continuous revaluation and balance of payment surplus in Japan and W. Germany, especially. ②the ambiguous relationship between capital flow and change in interest rate. ③short-run overshooting of exchange rate, since collapse of Brettonwood System in the early seventies. Monetary Approach can provide theoretical basis for the above facts. In particular, regarding the balance of payments and exchange rates as monetary phenomenon which are determined by money demand and supply, Monetary Approach can find the ultimate cause of the short-run overshooting of exchange rate is monetary disturbance. And by using stock models where flow is considered as the gap between actual stock and desired stock, Monetary Approach makes it possible to remove the ambiguous assumptious about capital flow. Though the Monetary Approach is expanded to the Asset Market Approach, it is considered as the special type of the modified Traditional Approach, namely Portfolip Approach. But its theoretical contribution can be found in combining the stock model with the Traditional Approach which use flow models. And recently, many empirical tests give the theoretical significance to Monetary Approach. The summary of this paper and its policy implication are as follows; First, the exchange rate will typically overshoot its long-run change in its short-run response to monetary policy, monetary disturbance. But adjustment path of exchange rate to change in price level, viz. real disturbance, is likely to be smooth and monotonic. Second, due to great impacts on balance of payments and exchange rates, monetary policy should be used carefully in our country highly dependent on foreign sector, to keep the credit of Korean ?? which is a very important element for external and internal balance. Third, the policy target of holding optimum foreign reserves should be pursued not by political regulations but by the economically desirable tool of monetary policy.
韓光鎬 순천대학교 사회과학연구소 1990 社會科學硏究 Vol.3 No.-
The purpose of this paper is to point up historically that monetary controversy originated from the bullionist controversy in the 18th century in England. Bullionist controversy - a dispute between bullionist who emphasized money side and antibullionist who emphasized real side - came to an end with victory of bullionist by resumption of conversion of note of the England bank. But it did not mean that the issues of bullionist controversy had been resolved by resumption of conversion of bank note, so new economic problems were risen, new monetary controversy originated from bullionist controversy had raised its head. In the dispute about banking system in 1840s, two schools - currency school which succeeded the bullionist thought and banking school which succeeded the anti-bullionist thought - were divided. And in the beginning of the 20th century, the managed monetary system and the gold standard system were the questions at issue. Gold standard system was contended by successors of currency school who emphasized the money side, and managed monetary system, which opened the history of inconvertible money was contended by successors of banking school who emphasized the real side. In 1970s, Keynesian and monetarist took the place of controversy. Keynesian who emphsize the real side is thought to succeed the banking school, and monetarist who emphasize the money side is thought to succeed the currency school. Endogenuity vs. exogenuity of money supply, bank regulation vs. free banking in banking system, rule vs. discretion in monetary policy, real bills doctrine vs. quantity theory of money, etc. are the issues of recent controversy. Since the core of these issues are linked directly and fundamentally with relative importance of real or money side, it may also possibly be said that the origin of recent controversy can be founded in bullionist controversy in the 18th century.
한국거래소 상장 제조업 기업의 총요소생산성과 생산효율성
한광호 한국산업경제학회 2018 산업경제연구 Vol.31 No.1
This paper estimates total factor productivity (TFP) growth and decomposes its contributing factors into technical efficiency change, scale component, allocative efficiency and technical progress for the Korean manufacturing industry. For these, the group-specific stochastic frontier production model, allowing for different groups of firms to have different patterns of technical efficiency over time, is applied to the unbalanced panel of 1,096 manufacturing firms listed in the Korean Exchange for the period of 1996∼2011. The empirical findings are as follows; (1) The time-varing technical inefficiency exists significantly in the Korean manufacturing firms and its patterns are different each other according to the listed market (KOSPI, KOSDAQ) and/or firm’s size. (2) Technical efficiency of the most manufacturing industry, except information technology (IT) industry, is worsen. And even in the IT industry, it slows down continuously over the sample period. (3) The scale component and allocative efficiency have trivial influences on the TFP growth in the most industries, except the IT industry. Technical progress is crucial factor on TFP growth. (4) The industry with the highest rate of TFP growth is the IT industry. This suggests that IT industry has been leading the development of Korean manufacturing industry and will continue to drive the development of Korean economy. 본 연구에서는, 기술효율성의 변화패턴이 집단간에는 상이하지만 집단내에서는 동일함을 모형화한, 확률변경생산함수를 한국 제조업에 적용하여 제조 업종별로 총요소생산성과 생산효율성을 분석하였다. 본 연구에서 사용한 자료는 한국거래소에 상장된 제조업 기업들(1,096개)의 16개년(1996∼2011) 동안의 불균형패널자료(unbalanced panel data)이다. 본 연구의 추정결과를 요약하면 다음과 같다. 첫째, 한국 제조업에는 기술비효율성이 유의적으로 존재하며, 이것의 시간에 따른 변화 형태는 시장별(유가증권시장-코스닥시장) 및 규모별(대기업-중소기업)로 서로 상이하다. 둘째, 정보기술산업을 제외한 대부분의 산업에서 기술효율성은 시간에 걸쳐 악화되고 있는 것으로 나타났다. 또한 기술효율성이 개선되고 있는 정보기술산업의 경우에도 그 증가율은 시간에 걸쳐 둔화되고 있다. 세째, 규모효율성은, 정보기술산업을 제외하면, 무시할 만큼 대체로 적은 값을 보여주었다. 배분효율성은 산업재산업과 정보기술산업에서 대체로 높게 추정되었지만 나머지 산업에서는 유의적이지 않거나 미미하게 추정되었다. 기술진보는 총요소생산성의 변화를 구성하는 가장 큰 요인이었고, 의료산업과 산업재산업에서 높게 추정되었다. 넷째, 총요소생산성의 증가율이 가장 높은 산업은 정보기술산업이었다. 이는 정보기술산업은 그동안 우리 제조업의 발전을 주도해 왔고 앞으로도 우리 경제의 발전을 견인할 수 있는 선도산업임을 시사한다.
한광호,권희재,노승한 한국국토정보공사 2019 지적과 국토정보 Vol.49 No.1
This study is to review methodological limitations of previous studies, propose Tobit Model as an analysis model. We model used annual rent-free as dependent variable and considering to contract characteristics and building characteristics as independent variable. We model was consisted to the three model as follow: Basic model, Time control model, Quadratic model. As a result of the analysis, existing variables revealed through previous studies such as contract period, contract area, total floor area, and building age were all statistically significant. These results were robust when considering time effects. Also, floor area and annual rent-free was quadratic relationship by inverse U shape. This result provide to methodological contribution for related research. Also, provide to more accurate information for participants in seoul office market. 본 연구는 기존 연구의 방법론적 한계를 검토하고 이를 극복할 수 있는 분석모형으로 Tobit을 제안하며, 이 모형을 이용한 실증분석결과를 도출하고 시사점을 제시하는 것을 연구목적으로 한다. 종속변수로 연평균 렌트프리를 사용하였으며 독립변수는 계약특성과 건물특성을 사용하였다. 계약특성에는 신규계약여부, 계약기간, 계약면적을 사용하였으며, 계약시점을 통제하기 위한 계약연도 더미를 사용하였다. 건물특성은 건물연한, 연면적, 연면적제곱, NOC, 권역더미를 사용하였다. 분석모형은 시점을 고려하지 않은 기본모형, 계약시점을 고려한 시점통제모형, 연면적과의 2차함수 관계를 검정하기 위한 2차식 모형의 3개 모형을 설정하고 실증분석을 수행하였다. 분석결과 계약기간, 계약면적, 연면적, 건물연한과 같은 선행연구를 통해 밝혀진 기존 변수들이 모두 통계적으로 유의하였으며, 본 연구에서 추가적으로 검증하고자 한 신규계약여부도 통계적으로 유의하였다. 또한, 연면적과 연평균 렌트프리 사이의 역U자 관계도 존재하는 것으로 분석되었다. 본 연구의 결과는 렌트프리에 관한 기존 연구를 방법론적으로 발전시키는 기여가 있으며, 더욱 정밀한 분석결과를 제공하여 서울의 오피스 임대차시장 참여자들에게 유용한 자료를 제공할 수 있을 것이다.